{
  "url": "https://openlegislation.uk/investment-trusts-dividends-optional-treatment-as-interest-distributions-regulations-2009/regulation-14",
  "json_url": "https://openlegislation.uk/investment-trusts-dividends-optional-treatment-as-interest-distributions-regulations-2009/regulation-14.json",
  "legislation": "uksi/2009/2034",
  "legislation_title": "The Investment Trusts (Dividends) (Optional Treatment as Interest Distributions) Regulations 2009",
  "legislation_url": "https://openlegislation.uk/investment-trusts-dividends-optional-treatment-as-interest-distributions-regulations-2009",
  "path": "regulation/14",
  "kind": "regulation",
  "number": "14",
  "heading": "The reputable intermediary condition",
  "text": "(1) The reputable intermediary condition is met with respect to a recipient on the date the interest distribution is made if conditions A to C are met.\n(2) Condition A is that the interest distribution is made on behalf of the recipient to a company.\n(3) Condition B is that the investment trust or prospective investment trust making the interest distribution has reasonable grounds for believing that the recipient is not ordinarily resident in the United Kingdom.\n(4) Condition C is that the company mentioned in paragraph (2)—\n(a) is subject to the EC Money Laundering Directive,\n(b) is subject to equivalent non-EC provisions, or\n(c) is a company which—\n(i) is resident in a regulated country or territory, and\n(ii) is an associated company of a company which is subject to sub-paragraph (a) or (b).",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [
    {
      "type": "word omitted",
      "affecting": "uksi/2013/605",
      "affecting_title": "The Income Tax (Removal of Ordinary Residence) Regulations 2013"
    }
  ],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2009/2034/regulation/14",
    "retrieved_at": "2026-10-29T03:07:48.363602+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}